DALLAS, TX — Manoj Saxena of Austin, an Indian Americvan, has been elected chairman of the Federal Reserve Bank of Dallas’ San Antonio Branch by its board of directors. Manoj Saxena has served on the San Antonio Branch board as a Dallas Fed appointment since 2012 and was appointed to the board of directors by the Federal Reserve Board of Governors for a three-year term on January 7, 2015.

In his new role as board chairman, Saxena will contribute to Federal Reserve’s monetary policy formulation by weighing in on regional economic and credit conditions on a regular basis. Saxena is a business leader, IT executive, and venture capitalist who serves as chairman of CognitiveScale, a provider of machine intelligence powered cognitive clouds. He is also the founding managing director of The Entrepreneur’s Fund IV, and also serves as a special advisor to IBM senior leadership.

Before joining The Entrepreneur’s Fund IV, Saxena was general manager, IBM Watson. He received the IBM Chairman’s Award for Watson commercialization and helped with the formation of Watson Business Group in January 2014. He holds two U.S. patents for web services technologies and is an author of several others.

Saxena holds a master’s degree in business administration from Michigan State University and a master’s in management sciences from the Birla Institute of Technology & Science in Pilani, India.

Saxena is a business leader, IT executive, and venture capitalist who serves as chairman of CognitiveScale, a provider of machine intelligence powered cognitive clouds. He is also the founding managing director of The Entrepreneur’s Fund IV, and also serves as a special advisor to IBM senior leadership. The San Antonio Branch board consists of seven members, four appointed by the Dallas Fed board and three by the Federal Reserve Board of Governors in Washington, D.C.